Financial Advisor Services

Description

The intent of this informal solicitation is to solicit proposals from service providers for financial advisor services for clients of the Public Guardian/Conservatorship Program and the estates of the Public Administrator Program.  The Public Guardian and Public Administrator maintain a strong fiscal responsibility for their client assets and promotes the need for financial advisor services to assist with the following goals:Professional Management – A financial manager account ensures that funds are handled by professionals who specialize in investment strategies, risk management, and financial planning.Asset Protection – The Public Guardian and Public Administrator are responsible for safeguarding the client’s assets, ensuring they are invested wisely and protected from mismanagement or fraud.Growth & Stability – Investments made through a financial manager account can help grow the client’s wealth while maintaining financial stability, ensuring long-term security.Legal & Fiduciary Compliance – The Public Guardian and Public Administrator has a fiduciary duty to act in the best interest of the client, ensuring that investments align with legal requirements and financial goals.Accountability & Oversight – Courts often require conservators to provide regular financial reports, ensuring transparency and accountability in managing the client’s funds.Historically, the Financial Manager is paid a monthly fee based on an annual percentage rate of 1% of the value of the assets under management.Contractor shall comply with the Uniform Fiduciary Income and Principal Act (UFIPA) spelled out in the California Probate Code.Contractor obligations: •Consider general economic conditions that may impact performa